What Will You Do Ted Nicholas

What Will You Do When Your Personal Assets Are Seized to Satisfy A Judgement Against Your Corporation?

All your many tax benefits of owning a corporation could be wiped out overnight. How? The I.R.S. could visit you and claim you have not kept proper corporate minutes. You could lose the very tax benefits to which the law entitles you. Banks, insurance companies and various state and federal agencies, besides the I.R.S., all require notarized authorizations to grant loans, buy property and equipment, enter into leases and even to sell assets. And other problems can be equally devastating. The reason? The owner didn't document important transactions. The small business owner simply has to 'Get It In Writing'. Here are some recent 'horror stories' direct from actual court cases: Joseph P. obtained a loan from his corporation without the proper loan documents and corporate minutes. As a result, the court required him to pay additional taxes of $27,111.60. He narrowly escaped a penalty of $13,555.80. B.W.C., Inc. was forced to pay $106,358.61 of accumulated earnings tax because its corporate minutes were incomplete. They expressed 'no specific, definite, or feasible plans' to justify accumulating earnings, according to the court. Keeping records has always been a bother, and an expensive one, especially for small companies. Most executives do not like to spend time keeping records. Probably because no one ever became wealthy by keeping records. And in a small, one-person business, it seems downright silly to keep records of stockholders' meetings and board of directors' meetings when there is only one stockholder and one director. It's a joke! But it's a joke that can cost you thousands of dollars because the law says: It's part of the price you pay to get the tax benefits and personal protection from having a corporation. If you ask any of the thousands of entrepreneurs who have lost fortunes because they failed to keep records, they should look at corporate record keeping chores this way: It's part of the price you pay to get the tax benefits and personal protection from having a corporation. A paper, through its charter, by-laws, stock certificates, resolutions, etc. Anything you do as an officer or director has to be duly authorized and evidenced by a resolution of the stockholders or the board, or by both in some cases. It makes no difference if there is only one stockholder or one million stockholders. The rules are basically the same. You can hire a lawyer, like the big companies do, and pay $100 or more just to prepare one form. But you may need, at a minimum, a dozen or more documents to keep your corporation alive and functioning for just one year. This type of work is the bread and butter for many corporation lawyers. Most of the work can be done by their secretaries, yet they still charge you enormous sums because they know how important the forms are to you and your business. Lawyers know that the I.R.S. will insist that you have the corporate records to prove that you are entitled to all the tax breaks from having a corporation. There is now a way for you to solve your corporate recordkeeping problems. Without a lawyer, without paying big fees, and without spending a lot of time. It is simply The Complete Book of Corporate Forms. It was prepared by Ted Nicholas, author of the best-selling How To Form Your Own Corporation Without a Lawyer For Under $50. This book has become the largest single source of new corporations in America. His book has revolutionized the way people form new corporations by making the process simple, easy and inexpensive. But forming a corporation is only the first step toward building the ultimate tax shelter. Through carelessness or neglect, many people are denied their rightful benefits from owning their own corporation. Ted Nicholas saw why business owners needed more help after they incorporated. They didn't know how to follow through, how to turn their corporation into the ultimate tax shelter. So, he prepared The Complete Book of Corporate Forms. Virtually all the forms you will ever need are in this book. Everything is simplified. Either you or your secretary can complete any form in minutes. All you do is fill in the blanks and insert the completed form in your record book. When you own this book, you are granted permission to reproduce every form. If you are behind on keeping good corporate records, now you can catch up in no time. Just complete a few blanks in the forms that apply to your work in the company's by-laws and minutes. Best of all, the price is less than you would pay a lawyer for one hour of counseling. Here is just a sampling of what you'll receive: Minutes of Stockholder Meetings, Minutes of Directors Meetings, Minutes of Special Meetings (Any of these can be used if you are the sole stockholder and director.), Amendments to Articles of Incorporation, Amendments to By-Laws, Changes in Membership of Board, You will also receive all the stockholder and directors resolutions you will need to take any major business action, including: Negotiation of contracts • Authorizing loans to corporation • Approval of corporate pension plan • Designation of purchasing agent (some suppliers may want to know who is authorized to buy from them) • Sale of corporate assets • Directors' fees • Authorizing your secretary to sign checks • Meetings of special corporate assets • Dissolution • Bankruptcy • Declaring dividends • Appointment of attorney or accountant Plus, you'll receive the forms needed to authorize any of these tax-saving fringe benefits: Pensions or profit-sharing plans • Medical and dental reimbursement plans • Sick pay plans • Split dollar life insurance • Educational loan programs • Scholarship programs • Stock options • Group life insurance • Group health insurance • Group legal services • Christmas bonus, special bonuses Just one of the above forms can cost you hundreds of dollars in legal fees. This entire 192-page, 8 1/2 x 11, looseleaf collection of simplified forms, (over 150 pages of forms), clear instructions for their use, as well as samples of minutes, sells for only $49.95. It comes in a luxurious gold embossed binder and is yours with my 30-day money-back guarantee. After you examine the book, if for any reason you are not pleased, return it for a prompt and courteous refund. Take a moment to place your order now, and immediately begin saving time and money.

Joseph P. obtained a loan from his corporation without the proper loan documents and corporate minutes. As a result, the court required him to pay additional taxes of $27,111.60. He narrowly escaped a penalty of $13,555.80. B.W.C., Inc. was forced to pay $106,358.61 of accumulated earnings tax because its corporate minutes were incomplete.

Complete coupon and mail. Please rush me a copy of The Complete Book of Corporate Forms by Ted Nicholas at $49.95, under your 30-day money-back guarantee.